LITTLE OF THIS LITTLE OF THAT

* Stocks of Kewal Kiran clothing, Phoenix Mills, Shoppers Stop, Provogue etc. are recommended as efforts are on to
arrive at consensus for 51% foreign direct investment in multi-brand retail.
* The shares of Oil India (cum 2:3 bonus) are an excellent buy as the stock has fallen due to hikes/cess on crude oil
produced in India.
* Marketmen advise selling the stock of BHEL, Thermax and L & T as no import duty on power equipments has been
levied in the Union Budget. The shares may dip over 10%.
* The shares of  IRB Infra, MBL Infra and Supreme Infra are an excellent buy as the finance minister decreased
withholding tax from 20% to 5% on interest payments on external commercial borrowings for roads and highways sector.
These companies may go in for ECB for their road projects.
* A banking analyst strongly recommends the shares of United Bank of India, which is likely to generate an EPS of Rs.20
in FY12. The share is expected to touch Rs.100 mark.
* Standard Chartered PLC can be bought after Finance Minster Pranab Mukherjee allowed two-way fungibility of Indian
Depository Receipts (IDRs), which are shares issued by foreign companies to list on the Indian exchanges.
* With a likely EPS of Rs.20 in FY12, the shares of Globus Spirits at a P/E of about 5.5 are an excellent buy for 40%
appreciation in the medium-term.
* IT share ASM Technologies is expected to notch an EPS of Rs.22 on its small equity of Rs.5 crore. This can take its share
price to over Rs.100.
* Natco Pharma has won the licence to sell the copy of Bayer’s cancer drug Nexavar. But its share price has run up too
much in the last one month. Time to book profit and not to be greedy.
* Bombay Burmah has sold off Sunmica and Spring business on a slump basis. At market cap of Rs.725 crore, its grossly
overvalued. Book profits immediately.
* In the mid-cap cement sector, Deccan Cements and Sagar Cement are the dark horses. Buy them and hold them for a year.

* Watch out for Balaji Telefilms. Looks extremely bullish on charts and is poised to make new highs. Hold it for a target of Rs.60 in a month or so.